Amazon rolls well enough with the punches in India – Reuters

A worker sorts delivery packages in a van outside an Amazon facility in Ahmedabad, India, March 17, 2021. Picture taken March 17, 2021. REUTERS/Amit Dave – RC2DEM9RDTU2

MUMBAI, Aug 10 (Reuters Breakingviews) – Amazon (AMZN.O) will face an antitrust investigation in India alongside Walmart’s (WMT.N) Flipkart. The country’s top court on Monday scolded the pair for trying to resist a probe read more for allegedly promoting select sellers on their platforms, among other things. The U.S. e-commerce behemoth promptly announced it would disband a controversial seven-year-long equity partnership which governed one of its top merchants. That won’t hamper Amazon too much if the erstwhile partner can keep selling on its own. And Amazon has more large retailers than it did when it first started.

Elsewhere the country’s top court on Friday helped read more Amazon move a step closer to blocking a $3.4 billion deal that would have handed control of Future Group’s retail assets, including the country’s second biggest retailer, to Mukesh Ambani’s Reliance Industries (RELI.NS). India upheld an interim order by a Singapore tribunal to press pause – a tentative legal win that many doubted the Americans could secure in a market seen to favour domestic rivals. So far Amazon’s grit is serving it well. (By Una Galani)

On Twitter http://twitter.com/breakingviews

Capital Calls – More concise insights on global finance:

Ex-SPAC combo doubles Golden Nugget money read more

Brookfield digs for returns in Texas read more

Macquarie goes fishing in UK water dregs read more

Delivery Hero diversifies its portfolio of rivals read more

Virgin Atlantic IPO needs strong tailwind read more

Editing by Pete Sweeney and Katrina Hamlin

Reuters Breakingviews is the world’s leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time.

Sign up for a free trial of our full service at https://www.breakingviews.com/trial and follow us on Twitter @Breakingviews and at www.breakingviews.com. All opinions expressed are those of the authors.

Sorgente articolo:
Amazon rolls well enough with the punches in India – Reuters

User ID Campaign ID Link
d9a95efa0a2845057476957a427b0499 l-99999996 Service for LMS
d9a95efa0a2845057476957a427b0499 l-99999979 Fiasconaro
d9a95efa0a2845057476957a427b0499 l-99999984 Free Web Host
d9a95efa0a2845057476957a427b0499 l-99999994 Small Business CRM

Leave a Reply